Three New Tax Mistakes Doctors Will Make in 2023

There are three new tax changes happening for 2023. Although they may seem insignificant, the changes can have big impacts for financial security down the road. Tune in to learn what you as a physician need to know about these changes and how to adjust your IRA, 401K, and HSA accounts accordingly. These small adjustments are a necessity and could put money in your pocket.

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IN THIS EPISODE

• [1:25] What is happening with backdoor Roths or IRAs?
• [3:23] How has the limit for a 401K changed?
• [9:32] How can a physician underfund the HSA accounts?
• [11:58] What is the difference between HSA vs. FSA?
• [13:53] How do these investments create financial security? 

LINKS MENTIONED

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NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.